Tag Archives: discoveries

Global oil discoveries far from breaking even with consumption

Preface.  According to Bloomberg (2016), oil discoveries in 2015 were the lowest since 1947, with just 2.7 billion barrels of conventional oil found globally (though Rystad calculated this differently at 5.6, nearly twice as much). Since the world burns 36.5 … Continue reading

Posted in How Much Left, Peak Oil | Tagged , | 2 Comments